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income year means(a) the period beginning with the date of setting up of a business and ending with

the thirtieth day of June following the date of setting up of such business;
(b) the period beginning with the date on which a source of income newly comes
into existence and ending with the thirtieth day of June following the date on which
such new source comes into existence;
(c) the period beginning with the first day of July and ending with the date of
discontinuance of the business or dissolution of the unincor- porated body or
liquidation of the company, as the case may be;
(d) the period beginning with the first day of July and ending with the date of
retirement or death of a participant of the unincorporated body;
(e) the period immediately following the date of retirement, or death, of a
participant of the unincorporated body and ending with the date of retirement, or
death, of another participant or the thirtieth day of June following the date of the
retirement, or death, as the case may be;
(f) in the case of bank, insurance or financial institution the period of twelve months
commencing from the first day of January of the relevant year; or
(g) in any other case the period of twelve months commencing from the first day of
July of the relevant year;]